|Posted: 02 Mar 2016 KCM CrewIn a recent blog post on Marginal Revolution, economist Alex Tabarrok discussed homeownership as an investment.
Here is what Mr. Tabarrok had to say:
Here is a rebuttal:
We have reported many times that the American Dream of homeownership is alive and well. Tomorrow, we’ll touch on the personal benefits to homeownership. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard Universityexpanded on the top financial benefits of homeownership in his paper –The Dream Lives On: the Future of Homeownership in America. Let’s use some quotes from Belsky’s study to address comments by Mr. Tabarrok:
We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. If you are considering a purchase this year, contact a local professional who can help evaluate your ability to do so.
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